The fund that stirred a frenzy like no other in 1992

It was the beginning of 1992. The Sensex, a barometer for the market's health, was on the brink of crossing the 2,000 mark. But what followed was nothing short of a fairy tale for investors. Within a mere three months, it had soared past 4,000, marking the most remarkable bull run. During this period of euphoria, the Unit Trust of India (UTI), launched the UTI Mastergain 92. This came on the heels of another fund, the UTI MEP 92, which had gathered a corpus of Rs 1,251 crore through its NFO (new fund offer). But the good times didn't last long. The Harshad Mehta scam reared its ugly head, and the market nosedived. Despite the turmoil and ensuing investor panic, Mastergain 92 collected a whopping Rs 4,472 crore during its NFO period. To this day, only six equity and two hybrid funds have surpassed this amount through their NFOs. The biggest NFOs of all time Fund name Category Launched in NFO collection (₹ cr) SBI Balanced Advantage Dynamic Asset Allocation Aug-21 14,551 BHARAT 22 ETF Large Cap Nov-17 14,499 ICICI Prudential Flexicap Flexi Cap Jul-21 9,808 SB